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The Actuators Market size was estimated at USD 64.68 billion in 2023, USD 70.71 billion in 2024, and is expected to grow at a CAGR of 9.59% to reach USD 122.83 billion by 2030 . Speak directly to the analyst to clarify any post sales queries you may have.
Actuators are devices that convert an input energy form into motion. They are critical components in various systems, functioning as the means to turn a control signal into physical action. The actuators' role spans across many industries, including aerospace, automotive, manufacturing, and robotics. They play a key role in automation, allowing precise control over movement and positioning in equipment such as robotic arms, valves, and pumps. Their applications range from simple tasks such as opening a valve to complex movements required in robotics. IoT and smart technology innovations have expanded actuator applications across automotive, aerospace, and construction. Government and international emissions and energy consumption regulations have increased the demand for more efficient actuators. Moreover, with urbanization and Infrastructure developments, investment in public works and infrastructure necessitates more complex automation solutions using actuators. However, high initial investment in advanced actuators' design and manufacturing process impedes market growth. Nevertheless, trends towards smaller devices spur opportunities for developing compact actuators in consumer electronics and medical devices. Furthermore, researching new, durable, and efficient materials could lead to significant advancements.
Regional Insights
The actuator market depicts strong growth across the Americas owing to high automation levels in manufacturing, the presence of key industry players, and substantial investments in R&D. Furthermore, consumer needs center around energy-efficient solutions, precision in control and operation, and integration with the Internet of Things (IoT) has further bolstered the market growth. Many EU Countries have focused on the advanced industrial sector for innovation with stringent energy regulations in the EU region. EU countries prioritize sustainability, leading to an uptick in demand for electric actuators. Moreover, the European Commission's initiatives on digitalization and automation present further growth opportunities. The actuators market in the Asia-Pacific region is a vibrant and dynamically evolving market characterized by rapid technological progress and various applications spanning various sectors. As of the latest evaluation, this region stands as one of the most promising markets for actuators globally, attributed to the burgeoning industrialization, growing automation across manufacturing sectors, and increased emphasis on infrastructure development.System: Suitability of mechanical actuators for their robustness and reliability
Electric actuators produce mechanical torque by converting electrical energy for precise control and positioning in various applications, including robotics, valve operation, and automation systems. These actuators are preferred when accurate positioning is essential and are also valued for low maintenance, energy efficiency, and clean operation since they do not require hydraulic fluids. Hydraulic actuator generates motion and force using hydraulic fluid pressure. They are common in heavy machinery, automotive, and aerospace applications. Hydraulic actuators are suited for applications requiring significant force, such as construction equipment and manufacturing presses. The high power density of hydraulic actuators is beneficial in situations where space is a constraint but force is crucial. Mechanical actuators generate linear motion through converting rotary motion through screws, gears, or similar mechanical components. Applications range from consumer products to industrial machinery. Mechanical actuators are generally used for their robustness and reliability, particularly in applications where electricity or fluid power is impractical. They are also selected for their ability to handle hefty loads. Pneumatic actuators utilize pressurized air to create mechanical motion and are prevalent in packaging, material handling, and medical devices.Type: Preferences for linear actuators owing to precise linear displacement
Linear actuators convert energy into straight-line motions, typically for positioning and slide movement applications. They are commonly used in machinery, medical equipment, and industrial automation systems. Linear actuators are preferred when precise linear displacement is required. Industries such as manufacturing, healthcare, automotive, and aerospace use these actuators to adjust control surfaces on aircraft, adjust and close valves, and adjust hospital beds. Rotary actuators convert energy into rotary motion and are frequently applied when rotation at one or multiple points is necessary, such as opening and closing dampers or for use in robotics and automated machinery. Rotary actuators are the go-to solution when circular or rotational motion is imperative, particularly in fields including industrial automation, robotics, and vehicular technology. They are prevalent in steering mechanisms, conveyor systems, and robotics joints.Application: Expansion usage and deployment of robotics across the world driving adoption of actuators
In industrial automation, actuators play a critical role by serving as the primary movers of machine components and systems. The need in this sector is driven by the necessity for precise control, reliability, and efficiency in production processes. Manufacturers prioritize actuators that can withstand harsh environments and provide consistent performance over time. Robotics is a rapidly evolving field where actuators are essential for providing the movement and control necessary for robotic arms, grippers, and mobile robots. The specific needs here include compact size, lightweight, high precision, and energy efficiency to ensure long battery life for mobile robots. Actuators for robotics also need to offer high degrees of flexibility and fast response times. In the vehicles & equipment sector, actuators find their applications in various forms, such as automotive electronic throttle controls, heavy machinery for construction, and aerospace equipment. Here, durability, robustness, and resistance to extreme temperature and environmental conditions are highly valued characteristics. Vehicle and equipment manufacturers often seek actuators that can optimize fuel efficiency and reduce emissions in the automotive sector, whereas high force and precision are required for heavy equipment.End-User: Utilization of actuators in manufacturing industries to enable precise operations
In the aerospace and defense sector, actuators play a pivotal role in controlling motion systems on aircraft and military equipment. The preference here is for highly reliable, precise, and robust actuators that can function under extreme conditions. Thermal, hydraulic, pneumatic, and electromechanical actuators are widely used in applications such as flight control systems, landing gears, and weapons deployment systems. Actuators in the automotive industry are crucial for vehicle control systems, including braking, throttle control, and fuel injection systems. The automotive sector prefers compact, energy-efficient, and increasingly electric actuators to keep up with the industry's shift towards electric vehicles (EVs) and improved fuel efficiency. Actuators in the energy and utilities sector are predominantly used in power plants, oil and gas pipelines, and water treatment facilities. This sector demands rugged and durable actuators that can withstand harsh environments and ensure seamless operation over prolonged periods. In the healthcare industry, actuators are used in medical devices, surgical instruments, and patient-handling equipment. The key preferences here are for actuators that offer precision, clean operation (to maintain a sterile environment), and low noise levels. In manufacturing, actuators are integral to automation and control systems, including computerized numerical control (CNC0 machines, conveyors, and robotic arms. The preference in this sector is for actuators that provide high force and speed, along with the ability to withstand repetitive tasks. Within the marine industry, actuators are utilized for ship propulsion systems, hatch cover controls, and deck machinery. The end-user preference is towards corrosion-resistant materials and systems that can function reliably in the marine environment.Market Dynamics
The market dynamics represent an ever-changing landscape of the Actuators Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.Market Disruption Analysis
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Actuators Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Actuators Market.Porter’s Five Forces Analysis
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Actuators Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.Value Chain & Critical Path Analysis
The value chain of the Actuators Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.Pricing Analysis
The pricing analysis comprehensively evaluates how a product or service is priced within the Actuators Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Actuators Market.Technology Analysis
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Actuators Market.Patent Analysis
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Actuators Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.Trade Analysis
The trade analysis of the Actuators Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.Regulatory Framework Analysis
The regulatory framework analysis for the Actuators Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Actuators Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Actuators Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Recent Developments
Pioneer Industrial Announces Selection of MEA Inc. as Vendor Partner for Actuator and Control Systems
MEA Inc. collaborated with Pioneer Industrial to provide advanced electro-hydraulic actuators and control systems to provide superior products and unsurpassed services to an esteemed clientele. MEA Inc.'s devotion to excellence, its commitment to groundbreaking innovation, and its focus on customer fulfillment echo principles, ensuring a synergetic relationship poised to set industry benchmarks and exceed customer expectations.ADVICS Expands Product Lines with Launch of New Electric Parking Brake (EPB) Actuator Kits
ADVICS is expanding its business in the aftermarket domain through its latest addition of EPB actuator kits, designed to seamlessly integrate with a vehicle's caliper system and automate the parking brake engagement. ADVICS's new EPB actuator kits are crafted with precision in Japan as original equipment (OE) production parts, imbuing aftermarket solutions with OEM quality.Timken Expands Linear Motion Offerings with Rosa Sistemi Acquisition
The Timken Company successfully acquired Spinea s.r.o., esteemed as a trailblazer in European markets for its advanced cycloidal reduction gears and actuators. This strategic move broadens Timken's extensive product portfolio and bolsters its competitive edge by adding Spinea's sophisticated technology, renowned for precision and reliability in critical applications, to its offering. The acquisition promises to enhance the company's capability to serve various industries with high-performance power transmission products.Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Actuators Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.Key Company Profiles
The report delves into recent significant developments in the Actuators Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Actuonix Motion Devices Inc., AUMA Riester GmbH & Co. KG, Bray International, Inc., CKD Corporation, Curtiss-Wright Corporation, Eaton Corporation PLC, Emerson Electric Co., Festo AG & Co. KG, General Electric Company, Honeywell International Inc., KITZ Corporation, MISUMI Group Inc., Mitsubishi Electric Corporation, Moog Inc., Murata Manufacturing Co., Ltd., Omron Corporation, Parker Hannifin Corporation, PHD Inc., Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Rotork PLC, SAMSON AG, Schaeffler AG, Schlumberger Limited, Schneider Electric SE, Siemens AG, SMC Corporation, STMicroelectronics N.V., THK Co., Ltd., Tolomatic, Inc., Valtorc International, Valworx, Inc., and ZIMM GmbH.Market Segmentation & Coverage
This research report categorizes the Actuators Market to forecast the revenues and analyze trends in each of the following sub-markets:- System
- Electric Actuator
- Hydraulic Actuator
- Mechanical Actuator
- Pneumatic Actuator
- Types
- Linear Actuators
- Rotary Actuators
- Application
- Industrial Automation
- Robotics
- Vehicles & Equipment
- End-User
- Aerospace & Defense
- Automotive
- Energy & Utilities
- Healthcare
- Manufacturing
- Marine
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
This research report offers invaluable insights into various crucial aspects of the Actuators Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Actuators Market, by System
7. Actuators Market, by Types
8. Actuators Market, by Application
9. Actuators Market, by End-User
10. Americas Actuators Market
11. Asia-Pacific Actuators Market
12. Europe, Middle East & Africa Actuators Market
13. Competitive Landscape
14. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- Actuonix Motion Devices Inc.
- AUMA Riester GmbH & Co. KG
- Bray International, Inc.
- CKD Corporation
- Curtiss-Wright Corporation
- Eaton Corporation PLC
- Emerson Electric Co.
- Festo AG & Co. KG
- General Electric Company
- Honeywell International Inc.
- KITZ Corporation
- MISUMI Group Inc.
- Mitsubishi Electric Corporation
- Moog Inc.
- Murata Manufacturing Co., Ltd.
- Omron Corporation
- Parker Hannifin Corporation
- PHD Inc.
- Regal Rexnord Corporation
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Rotork PLC
- SAMSON AG
- Schaeffler AG
- Schlumberger Limited
- Schneider Electric SE
- Siemens AG
- SMC Corporation
- STMicroelectronics N.V.
- THK Co., Ltd.
- Tolomatic, Inc.
- Valtorc International
- Valworx, Inc.
- ZIMM GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 70.71 Billion |
| Forecasted Market Value ( USD | $ 122.83 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 35 |
